Economic Report

The dollar rose on Monday as sentiment deteriorated after China said it was sticking to its strict curbs on the coronavirus, dashing hopes of the imminent reopening of the world’s second-largest economy that earlier recorded a massive rebound in risky assets. China said at the weekend that it would continue …

Significant events dominated price action across global financial markets last week, including Fed’s rate decision and US NFP data, namely the most important events of the monthFOMC Decision, US Rate Hike The Fed raised interest rates by 75 points last week, bringing the accumulative key rate to 4.00%, after raising …

The US economy added more jobs than expected in October even as the Fed pressed on with the central bank’s most aggressive monetary tightening campaign in decades.Friday’s figure effectively serves as a catalyst for Fed policymakers to proceed with further rate hikes, particularly after messaging from Fed Chair Jerome Powell …

The euro and the pound sterling recouped some of their losses on Friday, but were still heading for their biggest weekly decline since September, ahead of US employment data that could confirm Federal Reserve Chairman Jerome Powell’s hint this week of continued monetary tightening, sending the dollar higher. Improved investor …

Nonfarm Payrolls in the US are forecast to increase by 200,000 in October. Gold is likely to react slightly stronger to a disappointing jobs report than an upbeat one. Gold price action has no historical apparent connection with NFP deviation four hours after the data release.The US Dollar Index looks …

Regarding the monetary policy statement, the Fed acknowledged that US economic growth was slowing down in spending and production and commented that labour market conditions remain “robust” and the unemployment rate is slow. Fed policymakers added that inflation remains elevated, a reflection of the supply/demand imbalances blamed on the pandemic …

Sunak has acknowledged that his country is dealing with “profound economic challenges,” and he is stepping in at a pivotal time as the country needs some stability. Sunak is feeling the pressure of trying to gain investors’ confidence following the financial fallout caused by last month’s controversial tax cuts.The markets …

US bonds rallied while new warnings are raised that a recession is inevitable in the United States ahead of Fed’s two-day policy meeting for November which is expected to result in a fifth-straight outsized rate hike.Traders are digesting the ISM manufacturing data for further clues on the state of the …

The US dollar slipped on Tuesday from a one-week high against a basket of major counterparts, as sentiment improved in financial markets ahead of the Federal Reserve and Bank of England meetings scheduled for this week. The Federal Reserve is widely expected to raise its key interest rate by 75 …

The dollar gained across the board on Monday, regaining some of its momentum which it lost earlier in October. The American currency has been boosted by bets and expectations of another jumbo rate hike by this week’s Fed monetary policy meeting.The dollar’s gains could be limited if the Fed signals …